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Pork

CME April 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters, Weather

U.S. livestock: Live cattle futures dip on slaughter delays

Lower supply expectations support hog futures

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Chicago | Reuters — U.S. live cattle futures fell on Thursday as short-term processing delays caused by power outages and frigid weather backed up cattle and softened cash prices, traders said. Chicago Mercantile Exchange April live cattle futures settled down 1.225 cents at 122.925 cents/lb., while the spot February contract ended 0.175 cents lower at […] Read more
The 2021 Banff Pork Seminar offered a trove of valuable information for Canada’s hog producers.
Hogs, News

Pandemic rewriting food fundamentals

Expert urges farmers to get in on direct-marketing wave

By
He’s known as the “food professor,” an educator in food distribution and policy at Dalhousie University in Nova Scotia and senior director of the university’s innovative Agri-Food Analytics Lab. Sylvain Charlebois spends his days on “predictive analytics,” looking at the future of food. Many will know him from frequent mainstream media appearances. He is also […] Read more
CME March 2021 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures sag as weather stalls slaughter pace

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Chicago | Reuters — U.S. cattle and hog futures declined on Wednesday as wintry weather and power outages hampered meat-packing operations, slowing the pace of slaughter and reducing demand for market-ready animals, traders said. Chicago Mercantile Exchange April live cattle futures settled down 1.65 cents at 124.15 cents/lb., while the spot February contract ended down […] Read more
CME April 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters, Weather

U.S. livestock: Live cattle futures mostly firm on wintry Plains weather

April hogs stay within Friday's range

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Chicago | Reuters — U.S. live cattle futures closed mostly higher on Tuesday as frigid conditions gripped the U.S. Plains and Midwest, limiting the movement of animals into meat plants and threatening to reduce cattle weights, traders said. However, rallies were limited as wintry weather and power outages prompted meat-packing plants to slow the slaughter […] Read more
(Olymel video screengrab via YouTube)
Hogs, Livestock, Markets

Olymel to close Red Deer hog plant against COVID-19

Hog deliveries suspended 'until further notice'

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Meat packer Olymel plans to temporarily close its hog slaughter and pork processing plant at Red Deer, Alta., winding down that facility’s operations starting this week against a rapidly spreading COVID-19 outbreak among workers. The plant, one of Canada’s largest by slaughter capacity at over 45,000 hogs per week, has notified its hog suppliers and […] Read more
CME April 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hogs rise to four-month high on supply woes

February live cattle down, April up

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Chicago | Reuters — U.S. hog futures rose for the seventh time in eight sessions on Thursday, hitting a four-month high on concerns about tight supplies, traders said. “There are a lot of empty barns out here,” Don Roose, president of U.S. Commodities in West Des Moines, Iowa said. Live cattle futures were mixed, with […] Read more
CME April 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle down on profit taking

Cash markets support CME lean hogs

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Chicago | Reuters — U.S. live cattle futures dropped on a profit-taking setback on Wednesday, a day after rallying to their highest in nearly a year, but worries about a cold snap across production regions of the Plains kept declines in check. Hog futures rebounded after closing mixed on Tuesday as strong cash markets led […] Read more
CME April 2021 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs end mixed after five-session rally

Feeder cattle up on corn supply projection

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Chicago | Reuters — U.S. lean hog futures ended mixed on Tuesday following five straight sessions of contract highs that triggered technical and speculative selling and profit taking in some futures months. The market, however, remained underpinned by strong cash hog prices, robust export demand and profitable pork packer margins, as well as Tuesday’s downturn […] Read more

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